<OT>Hey Morgan, how was your weekend. I know your in the NY area so I probably passed you on the way to the Hamptons this past weekend. What a tremendous weekend, hot as sheep being my only complaint.
Anyway, regarding CNET. How should I say this, I LOVE THE STOCK. How was that?
It's unclear whether it will break 55 by the end of the week, but if YAHOO earnings are great, I think its got a 70-80% chance. For the long term, this stock rocks, plain and simple. For one thing, it's NOT an Internet stock, though that's how it seems to trade. It's essentially a hybrid Broadcast/Internet Entertainment Network that, aside from its recently announced $100MM ad campaign, is on its way to making a whole bunch of $$$.
As I stated last Friday, I took in ~ $80K selling 50 October 57 1/2 Puts that I am very confident will either be purchased by me for very little $$$ or will hopefully expire worthless. This is a great Trading AND Investing Stock. One of the best actually. July Options (that's what I think you're probably looking at) are a risky shot, but if you think the rally continues this week, it probably gets there.
Teflon |
